You are here

Beijing revives builder bonds as market cools

It is authorising debt sales for first time in 5 years in bid to avoid bankruptcies

[SHANGHAI] China's government is authorising developer debt sales for the first time in five years in a bid to avoid bankruptcies as the property market cools. Jiangsu Future Land Co, a builder of homes in eastern China, sold two billion yuan (S$401.3 million) of five-year AA rated bonds last